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"Achieving durable recovery means that the labour market imbalances and inequalities that were a major cause of the crisis must be tackled and prevented. Therefore, recovery must not be built on deregulation but can succeed only if based on policies that can improve well-being for people – on better and more available social protection, on collective bargaining, on higher minimum wages, on more progressive taxation, on green jobs – policies encapsulated in the Global Jobs Pact of the ILO," said ITUC General Secretary Sharan Burrow, adding “Furthermore, a financial transactions tax is needed to help provide the resources to carry out those policies.”
The Conference comes shortly after the release of the OECD’s Interim Economic Assessment that signals a likely slowdown in growth to 1.5% in the G7 economies in the second half of the year.
* A link to an ILO/IMF background document on the conference can be found >>> here.
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